CME is buying Nex Group. The exchange group CME has agreed to buy the British-headquartered interdealer broker Nex Group for 3.9 billion pounds ($5.48 billion), or 10 pounds a share. NEX shareholders will receive 5 pounds in cash and the remainder in CME shares.

US economic data is heavy. Initial claims, personal income and spending, and PCE core prices will all be released at 8:30 a.m. ET before Chicago PMI and University of Michigan consumer confidence are announced at 9:45 a.m. ET and 10 a.m. ET respectively.